How to Buy VeeFriends NFTs

Originally, VeeFriends were made available for sale on the official website for the NFT collectible set. Since then, these NFTs have only been made available on the secondary market via Ethereum-based NFT marketplaces like OpenSea.

If you’d like to purchase a VeeFriends NFT, you will need to start by going to OpenSea.io. You can then begin searching for VeeFriends collectibles by searching for “VeeFriends” in the search bar at the top of the homepage. While you’re typing in the search bar, you should see VeeFriends show up as an NFT collection that you can browse on OpenSea. Make sure you only search the VeeFriends collection with a blue checkmark next to it, as that will indicate you are searching only authentic VeeFriends collectibles.

You will be able to browse through various VeeFriend collectibles on the next page. Once you’ve found an NFT that you’d like to purchase, you can click the “Buy Now” button on that specific NFT’s description page. When you click that button, your preferred Ethereum wallet, such as MetaMask, should pop up. You will then be able to make your purchase by confirming that you would like to sign the transaction offered by the OpenSea platform.

Of course, you need to make sure that you have funds available in your Ethereum wallet before you can make your purchase. Currently, OpenSea denominates all payments in ETH, so you will need to have enough ETH in your Ethereum wallet to purchase the NFT and pay the associated transaction fee.

History of VeeFriends

VeeFriends have not been around for that long.

The original set of VeeFriends were originally released by GaryVee in May 2021. All of these original tokens have been sold, so the only way to purchase VeeFriends today is through third-party NFT marketplaces like OpenSea. For GaryVee, the original idea behind the VeeFriends concept was basically to act as a blueprint for what any social media influencer can do if they’re thinking about getting involved in the NFT phenomenon.

According to GaryVee, the idea is to bring value to his online community by tying real-world utility to the NFTs that he has released into the world. As of July 2021, VeeFriends are the 13th best-selling NFT collectible set of all time, according to Crypto Slam. However, the number of users and transactions for this NFT set are much lower than other collectibles with similar sales volume. The intention of the project going forward is to build a strong community, including the annual VeeCon conference.

Advantages of VeeFriends

The most obvious advantage of VeeFriends is that it has the full backing of well-known investor and entrepreneur GaryVee. Gary Vaynerchuk is currently the Chairman of VaynerX and the CEO of VaynerMedia. He is well known for being an early adopter of various trends in both culture and technology. Some of the areas GaryVee is known to have invested in before they went mainstream are social media and esports. More specifically, GaryVee made early investments in Facebook, Venmo, Coinbase, Uber, and other tech startups that have been household names.

When speaking more directly to the advantages of VeeFriends themselves, it is notable that GaryVee decided to go the extra mile and try to give these tokens some added utility outside of their value as digital art. For example, every VeeFriends NFT also acts as a ticket to the annual VeeCon conference for the next three years. There are three types of VeeFriends tokens: admission, gift, and access.

The admission tokens only act as tickets for the next three years of VeeCon. The gift tokens also provide admission to the yearly conference, but they also unlock a minimum of six gifts to be sent to the token holder per year for three years. Holders of the access tokens will be able to gain admission to five 60-minute virtual hangout sessions with GaryVee per year for three years.

A final benefit of VeeFriends is that the NFT project works in a completely non-custodial manner on Ethereum. Users are able to retain full ownership over their VeeFriends NFTs and withdraw them to their own Ethereum wallets.

Disadvantages of VeeFriends

One of the advantages of VeeFriends will also be a major downside of the project for some potential users. While some users will be happy with the retention of the decentralization ethos that comes with using Ethereum, the reality is this has become one of the most expensive blockchains to use for NFTs.

Additionally, VeeFriends NFTs can currently only be purchased with ETH on OpenSea, which means those who wish to use traditional payment methods like credit cards or PayPal will be out of luck. Additionally, the fact that VeeFriends is a non-custodial platform means users will need to take responsbility over the safety and security of the private keys associated with their NFTs.

It should also be noted that VeeFriends is an extremely new project, so it’s unclear if it will have serious long-term viability. Holders of VeeFriends NFTs are reliant on there being sustainable value around the utility of the NFT tokens, which means people will need to want to do things like go to VeeCon or participate in an online chat with GaryVee.

The viability of the NFT market as a whole is also worth considering, as this is still a new phenomenon and it’s unclear if there’s real staying power here.